If you missed the live webinar, you can watch the recording here:
There couldn't be a better time to understand and apply the skills of financial modelling when there is so much uncertainty. In unprecedented disruption to business it's really difficult to really know what will happen exactly.
Nobody does, not even if you’re using the best financial model.
BUT, that's not the point of a model or modelling anyway. It's about the relative outcomes not the absolute outcome or answer. Knowing the range of outcomes and impacts of key decisions like staff redundancies, working capital impacts are key. Giving business owners or stakeholders a range of possible outcomes vs the finger in the air is valuable.
Understanding your numbers is important. Past results are not really going to help much, but the drivers and logic of how they were achieved is critical. Building a financial model to be able to adjust for scenarios is important, especially during periods of economic uncertainty. Manually hardcoding or overriding numbers is dangerous.
What about having to run lots of scenarios? How do you do that in the most efficient way?
Join financial modelling specialists Lance Rubin streaming live from Melbourne and Danielle Stein Fairhurst joining from Sydney as they discuss ways to incorporate scenarios and sensitivities into a model so that it can be adjusted quickly and easily as inputs and assumptions change.
Please visit https://plumsolutions.com.au/meetup/ for a list of other webinars and virtual meetups happening over the next few weeks.